Nanotech Energy was founded in 2014 by Jack Kavanaugh. The company has not officially endorsed a plan to participate in an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Nanotech Energy is the developer of a commercially-viable non flammable graphene-based battery. The company primarily targets the consumer electronic electronics, electric vehicle, solar power, and electric grid markets. After a $65 million Series D funding round, the company announced plans to launch an EU headquarters in Amsterdam and build a new manufacturing plant in Reno, Nevada. Nanotech Energy has raised a total of $94.9 million in venture capital funding from investors including Multiverse Investment Fund and Fubon Financial Holdings. The company reports that the latest funding round increased its valuation to $550 million.